Do you know? Munshaat was awarded a 24-year lease to construct one of the seven Zamzam towers in Makkah. The company entered into ijarah mawsufah fi zimmah with the investors in return for a lump sum advance rental payment. The company issued sukuk al-intifa`a (timeshare) to the investors as evidence of their respective claims over…
Do you know? Majlis Ugama Islam Singapura (MUIS) issued SGD35m sukuk musharakah for the re-development of an old mosque in Bencoolen Street, Singapore. The sukuk were subscribed by institutional investors. The profit rate was set at 3.5% per annum, and the profit was paid out of rental income from leasing the apartments to Ascott Investments…
Do you know? In October 2014, the Securities Commission (SC) published Waqf Assets: Development, Governance and the role of Islamic Capital Market. The SC proposed for waqf institutions to issue sukuk to raise funds for developing waqf projects. Income from the projects will subsequently be distributed to the sukukholders. Equity Debt Digital assets M&A Malaysian…
Do you know? Incentives for Sustainable and Responsible Investment (SRI) Sukuk include tax deduction on SRI sukuk issuances and the Green SRI Sukuk grant scheme. Equity Debt Digital assets M&A Malaysian Other markets
Do you know? Sustainable and Responsible Investment (SRI) Sukuk can fall into green, social or waqf categories, or a hybrid of them. Equity Debt Digital assets M&A Malaysian Other markets
Do you know? The objectives of the eligible SRI projects include: (1) conserving the use of energy (2) improving the quality of life of the society (3) preserve and protect the environment and natural resources (4) promote the use of renewable energy (5) reduce greenhouse gas emissions and (6) address or mitigate a specific social…
Do you know? There are 4 key components of the Sustainable and Responsible Investment (SRI) Sukuk Framework: (1) SRI sukuk proceeds are applied exclusively for funding of any activities or transactions relating to eligible SRI projects (2) the company must establish internal processes for evaluation and selection of eligible SRI projects (3) proceeds allocated for…
Do you know? The Sustainable and Responsible Investment (SRI) Sukuk Framework is aligned with the United Nations’ 17 Sustainable Development Goals (SDG). Equity Debt Digital assets M&A Malaysian Other markets
Do you know? The Securities Commission introduced the Sustainable and Responsible Investment (SRI) Sukuk framework in 2014 to facilitate the creation of an ecosystem that promotes sustainable and responsible investing for SRI investors and issuers. Equity Debt Digital assets M&A Malaysian Other markets
Do you know? RAM’s sustainability ratings are assigned based on 3 levels: Gold being most sustainable, then silver and lastly, bronze. RAM may award top companies the Platinum rating as a special recognition of above-industry performance. The first company to have received the Platinum rating was Malaysia Steel Works in Nov 2024. Equity Debt Digital…